Top Lending & Borrowing Protocol Tokens by Market Capitalisation

Lending and borrowing protocols are core DeFi applications that allow users to supply assets for yield or collateralise them for cryptocurrency loans. These permissionless networks use smart contracts to automate interest rates based on real-time supply and demand dynamics. Native tokens are generally utilised for decentralised governance, revenue sharing, and incentivising protocol liquidity.

#
Coin
Price
Last 7 Days
Action
1
AaveToken
AaveToken
AAVE
$ 92.19
+1.28%
+3.52%
+29.78%
$ 1.45B
$ 11.08K
2
MORPHO
MORPHO
MORPHO
$ 1.7836
+0.78%
+1.94%
+3.20%
$ 904.26M
$ 49.64K
3
Olympus
Olympus
OHM
$ 15.9
+0.38%
+0.77%
+0.32%
$ 237.14M
$ 140.67K
4
Maple Finance
Maple Finance
SYRUP
$ 0.13788
+0.77%
-4.35%
+1.40%
$ 166.18M
$ 741.07K
5
Compound
Compound
COMP
$ 15.88
+1.15%
+0.19%
-8.60%
$ 158.09M
$ 3.52K
6
Kamino
Kamino
KMNO
$ 0.01978
+0.51%
+1.48%
-1.49%
$ 96.15M
$ 2.99M
7
Quantix Finance
Quantix Finance
QFI
$ 57.905
-0.48%
-1.85%
+5.71%
$ 58.12M
$ 582.79
8
Spark
Spark
SPK
$ 0.01695
+0.54%
-3.10%
-1.06%
$ 47.26M
$ 3.01M
9
Venus
Venus
XVS
$ 2.4724
+1.00%
+0.19%
-10.14%
$ 40.51M
$ 22.23K
10
Zest Protocol
Zest Protocol
ZEST
$ 0.24073
+0.22%
-0.81%
-9.37%
$ 35.18M
$ 549.66K
11
deBridge
deBridge
DBR
$ 0.01554
0.00%
-1.28%
+3.69%
$ 29.72M
$ 3.41M
12
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000002817
+0.97%
+0.79%
-9.72%
$ 28.20M
$ 3.16T
13
Euler Finance
Euler Finance
EUL
$ 1.0236
+1.70%
+2.53%
+0.26%
$ 24.59M
$ 65.34K
14
CoinDepo
CoinDepo
COINDEPO
$ 0.07954
+0.04%
+0.11%
+1.13%
$ 19.91M
$ 3.66M
15
Lista DAO
Lista DAO
LISTA
$ 0.04682
+1.05%
+1.57%
-8.05%
$ 19.28M
$ 1.20M
16
Yei Finance
Yei Finance
CLO
$ 0.13138
-0.14%
-13.75%
-55.45%
$ 16.90M
$ 3.58M
17
Moonwell
Moonwell
WELL
$ 0.00338602
+0.26%
-1.19%
-6.41%
$ 15.34M
$ 2.49M
18
EVAA Protocol
EVAA Protocol
EVAA
$ 0.7797
+5.06%
-6.70%
-6.90%
$ 13.15M
$ 1.10M
19
Abelian
Abelian
ABEL
$ 0.08744
+1.73%
+3.46%
+0.79%
$ 10.40M
$ 210.79K
20
Dolomite
Dolomite
DOLO
$ 0.02312
+0.83%
-0.43%
-3.61%
$ 10.25M
$ 2.46M
21
BENQI
BENQI
QI
$ 0.00111952
+0.43%
+2.77%
-9.86%
$ 8.06M
$ 718.63K
22
Xauras
Xauras
XRS
$ 0.02975705
0.00%
-0.01%
-0.02%
$ 6.65M
$ 17.67K
23
HyperLend
HyperLend
HPL
$ 0.01514041
-0.31%
+16.67%
+23.73%
$ 5.88M
$ 19.80K
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.0071
+0.38%
+0.08%
+3.61%
$ 5.78M
$ 7.91M
25
Goldfinch
Goldfinch
GFI
$ 0.05176
-0.79%
-0.10%
-19.91%
$ 4.38M
$ 1.15M
26
Gearbox
Gearbox
GEAR
$ 0.00041925
+0.35%
-3.53%
-0.57%
$ 4.19M
$ 7.07K
27
Avalon
Avalon
AVL
$ 0.02146
+0.14%
-7.94%
-18.84%
$ 3.49M
$ 2.40M
28
Suilend
Suilend
SEND
$ 0.04936
-2.78%
-10.96%
-1.96%
$ 3.46M
$ 1.12M
29
Liqwid Finance
Liqwid Finance
LQ
$ 0.167837
+2.56%
+0.13%
+10.45%
$ 3.41M
$ 1.67K
30
Wise
Wise
WISE
$ 0.082067
+0.74%
-8.37%
-15.80%
$ 1.79M
$ 17.63K
31
Blend
Blend
BLND
$ 0.04468965
-0.07%
-0.15%
+0.75%
$ 1.58M
$ 450.41
32
Scallop
Scallop
SCA
$ 0.0095
0.00%
0.00%
-8.65%
$ 1.52M
$ 23.45K
33
Reservoir
Reservoir
DAM
$ 0.006836
-0.01%
-6.23%
-25.91%
$ 1.37M
$ 8.00M
34
TrueFi
TrueFi
TRU
$ 0.0008641
+0.99%
+2.63%
-6.56%
$ 1.09M
$ 33.88K
35
MEZO
MEZO
MEZO
$ 0.01245
+0.89%
-6.21%
-13.76%
$ 1.08M
$ 4.24M
36
Radiant Capital
Radiant Capital
RDNT
$ 0.00072413
-4.38%
-3.33%
-21.71%
$ 1.04M
$ 239.97K
37
Hatom
Hatom
HTM
$ 0.01316473
+0.39%
-3.07%
+1.67%
$ 1.04M
$ 4.18K
38
Nostra
Nostra
NSTR
$ 0.00522477
+0.01%
-0.06%
-2.84%
$ 522.48K
$ 69.57
39
DefiTuna
DefiTuna
TUNA
$ 0.00184245
+0.86%
-9.34%
+4.41%
$ 518.75K
$ 6.58K
40
Pixie Dust
Pixie Dust
DUST
$ 0.249944
+0.07%
-4.03%
-30.79%
$ 494.15K
$ 31.03K
41
dForce
dForce
DF
$ 0.00036602
0.00%
+0.68%
+0.50%
$ 365.99K
$ 15.01
42
Celsius Network
Celsius Network
CEL
$ 0.0102305
+0.14%
-8.31%
-8.28%
$ 365.44K
$ 1.03K
43
Notional Finance
Notional Finance
NOTE
$ 0.00586508
0.00%
0.00%
-13.72%
$ 275.82K
$ 437.63
44
Seamless Protocol
Seamless Protocol
SEAM
$ 0.00600072
-0.91%
+0.55%
-16.27%
$ 244.14K
$ 749.01
45
LO0P
LO0P
LO0P
$ 0.185593
+0.28%
+0.98%
-12.27%
$ 185.59K
$ 318.26
46
Paystream
Paystream
PAYS
$ 0.04348864
+0.01%
-0.00%
-0.35%
$ 159.68K
$ 2.21K
47
Neptune
Neptune
NEPT
$ 0.03688658
+1.01%
-1.47%
-0.09%
$ 141.70K
$ 30.84
48
BendDAO
BendDAO
BEND
$ 2.447E-5
0.00%
0.00%
-17.36%
$ 100.51K
--
49
Pike Finance
Pike Finance
P
$ 0.00039809
0.00%
0.00%
+0.41%
$ 91.59K
$ 6.58
50
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00047488
+0.12%
-9.54%
-11.95%
$ 72.02K
$ 2.87K

Frequently Asked Questions

How do decentralised lending and borrowing protocols function without traditional banks?
Decentralised lending protocols function via smart contracts that pool liquidity from depositors and automatically match them with borrowers, eliminating the need for banking intermediaries and credit checks.
What is over-collateralisation in decentralised finance (DeFi) lending?
Because DeFi is largely anonymous, over-collateralisation requires borrowers to deposit assets worth more than the value of the cryptocurrency they wish to borrow. This guarantees that lenders will always be repaid even if the borrower defaults.
How are interest rates determined on cryptocurrency lending protocols?
Interest rates on cryptocurrency lending protocols are determined algorithmically in real-time based on the utilisation rate of the liquidity pool. High borrowing demand automatically triggers higher interest rates to attract more depositors.
What role do liquidation mechanisms play in securing DeFi borrowing platforms?
Liquidation mechanisms protect the protocol's solvency. If the value of a borrower's collateral drops below a specific threshold due to market volatility, smart contracts automatically sell the collateral to repay the debt and protect the lenders.

Disclaimer

The inclusion of digital assets in the Lending/Borrowing Protocols sector, along with the classification rules and market data, are sourced from independent third parties. Listing a token in this category does not constitute an endorsement, guarantee, or investment recommendation by MEXC. All content is for informational purposes only. Cryptocurrency prices are subject to market fluctuations; please conduct your own research (DYOR) and trade cautiously.